What is the market value of JASMY coin

The current market value of JASMY Coin stands at approximately $450 million, with a circulating supply of 4.75 billion JASMY tokens.

Nov 13, 2024 at 03:16 pm

What is the Market Value of JASMY Coin

Introduction

JASMY Coin (JASMY) is a native cryptocurrency token that serves as the medium of exchange and value transfer within the JASMY Ecosystem, a decentralized data sharing and aggregation platform. Launched in 2020 by JASMY Corporation, a Japanese technology and IoT solutions provider, JASMY is designed to empower individuals and organizations with greater control over their data, enabling them to monetize personal information and participate in a secure and privacy-preserving data economy.

Understanding Market Value

Before delving into the market value of JASMY Coin, it is crucial to establish a clear understanding of what market value entails in the context of cryptocurrencies. Market value refers to the total value of all outstanding tokens of a particular cryptocurrency. It is calculated by multiplying the total number of tokens in circulation by the prevailing market price of each token.

Market Value of JASMY Coin

As the market landscape is dynamic and subject to constant fluctuations, the market value of JASMY Coin can vary over time. However, at the time of writing this article, the market value of JASMY Coin stands at approximately $450 million, with a circulating supply of 4.75 billion JASMY tokens.

Influencing Factors

The market value of a cryptocurrency is influenced by numerous factors, including:

• Supply and Demand: The interplay between the available supply and the market demand for JASMY tokens directly impacts its price. Decreased supply with increased demand leads to higher prices, while increased supply with decreased demand lowers prices.
• Adoption and Utility: The adoption of JASMY Coin by businesses, developers, and individual users within the JASMY Ecosystem contributes to its market value. The greater the utility and acceptance, the higher the demand and potential value of the coin.
• Market Conditions: Broader market conditions also influence the market value of JASMY Coin. Bullish cryptocurrency markets tend to drive demand and prices for all crypto assets, including JASMY. Conversely, bearish markets can have a negative impact on prices.
• Competitive Landscape: The performance of other similar crypto projects, particularly those targeting data sharing and monetization, can influence the market value of JASMY Coin. Success and innovation within the competitive landscape can impact the coin's relative value.
• News and Events: Positive news, partnerships, and developments surrounding the JASMY Ecosystem can positively impact the market value of JASMY Coin, while negative news or incidents can lead to declines in its value.

Conclusion

The market value of JASMY Coin is a dynamic figure that fluctuates based on various market forces. Understanding the factors that influence the market value of cryptocurrencies is crucial for informed decision-making. As the JASMY Ecosystem continues to evolve and gain adoption, the market value of JASMY Coin may experience further fluctuations and growth potential. It is worth noting that investing in cryptocurrencies carries inherent risks, and the market value of any asset can be subject to substantial volatility.